State and local debt in Wisconsin grew faster than federal debt over the last 19 years. State debt rose 316%, an average of 7.8% per year, from $2.71 billion in 1990 to $11.25 billion in 2009. Local general obligation debt was up 284%, a 7.3% average, from $3.41 billion in 1989 to $13.1 billion in 2008. Federal debt held by the public averaged annual increases of 6.2% per year for a total increase of 212.8% from 1990 through 2009.
The figures come from a new study from the Wisconsin Taxpayers Alliance (WISTAX), a nonprofit, nonpartisan public policy research organization dedicated to citizen education.
That demonstrates the level of prostitution and whoring present in Madison (and all of the subdivision Counties, schools, and munis) --including that of TThompson, who "Stuck It To 'Em", alright.
Look again at those numbers. The "%/year" is critical, because the Governments' revenue streams have to grow at the SAME PACE (plus interest) in order to pay it off on time.
How's that working out, folks??
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